ESAF Small Finance Bank Limited has informed the Exchange regarding Change in Director(s) of the company.
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ESAF Small Finance Bank has informed the stock exchanges about two changes. First, the Board has approved the appointment of Shri. George Ittan Maramkandathil (DIN: 11193648) as a Non-Executive Director for a 3-year term starting November 18, 2025, subject to shareholder approval at the upcoming AGM. Maramkandathil is the CEO and Founder of the AST Group of Companies and brings 43 years of business leadership experience. Second, the Board noted the completion of the employment contract of Shri. Hemant Kumar Tamta, Executive Vice President – Assets, effective July 31, 2025, and confirmed that internal arrangements have been made to handle the position.
These are routine governance updates with no material financial impact. The new non-executive director adds business leadership experience to the Board, while the EVP transition appears orderly with internal succession in place. Shareholders should watch for further updates on the AGM agenda and any leadership announcements for the Assets division.